Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders
“We're going to raise traders just like they raise turtles in Singapore.”\ So trading guru Richard Dennis reportedly said to his long-time friend William Eckhardt nearly 25 years ago. What started as a bet about whether great traders were born or made became a legendary trading experiment that, until now, has never been told in its entirety.\ Way of the Turtle reveals, for the first time, the reasons for the success of the secretive trading system used by the group known as the “Turtles.”...
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After nearly 25 years, the turtles come out of their shells.Way of the Turtle takes a never-before-seen look at the legendary Turtle Traders and the famous experiment that made them millions. Curtis Faith, the most successful member of this elite group, breaks the silence to reveal the rules, timing, risks, rewards, and secrets to his biggest trades and 100 percent annual returns. Sharing behind-the-scenes insights and step-by-step techniques, Faith shows how you can use the Turtle Way to achieve enormous profits-whatever your skill level.“The most successful turtle was apparently Curtis Faith. Trading records show that Mr. Faith, who was only 19 when he started the program, made about $31.5 million in profits for Mr. Dennis.”-Stanley W. Angrist, The Wall Street JournalCurtis M. Faith was the most successful of the Turtles, earning more than $30 million for Richard Dennis while trading as a Turtle. He is one of the industry's leading pioneers of mechanical trading systems and software. Faith is currently head of research and development for Trading Blox, LLC, a company that specializes in software for trading system analysis and development. He also runs an Internet forum for mechanical system traders at tradingblox.com/forum.
Introduction: The Bet that Launched the Turtles One Turtle’s Story The Turtle Way – How the Turtles Made Money The Basic Elements of The Turtle Way Trading Psychology – Preparing Yourself to Do the Right ThingMoney Management – Staying Alive through Tough Times Cutting Losses – Knowing When to Get Out of a Losing TradeLetting Profits Run – When to Exit a Winning Trade Catching the Wave – How to Enter a Position Diversification – Smoothing Out Your Returns Limiting Risk – Protecting Against Disaster 16Systems Part I – Finding a Strategy that Fits You Systems Part II – Avoiding the Pitfalls of Testing Systems Part III – Going from Testing to Trading
